{"id":575271,"date":"2020-10-11T04:12:36","date_gmt":"2020-10-11T04:12:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=575271"},"modified":"2025-12-16T10:11:17","modified_gmt":"2025-12-16T10:11:17","slug":"its-a-pleasantly-quiet-start-to-your-post-long-weekend-workweek","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-pleasantly-quiet-start-to-your-post-long-weekend-workweek\/","title":{"rendered":"It\u2019s a pleasantly quiet start to your post-long-weekend workweek"},"content":{"rendered":"<section id=\"575273\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575273\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/what-were-tracking-on-11-october-2020\/\">\r\n                            What we\u2019re tracking on 11 October 2020                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/what-were-tracking-on-11-october-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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It\u2019s a light news day as we get back into the swing of things. Bonus: We have another long weekend the week after next as the nation observes the Prophet\u2019s Birthday on Thursday, 29 October.<\/p><p><strong>Set to dominate headlines this week: The IMF and World Bank\u2019s (virtual) <\/strong><strong><a href=\"https:\/\/live.worldbank.org\/?cid=ECR_TT_worldbank_EN_EXT_AM2020\">annual<\/a><\/strong><strong><a href=\"https:\/\/live.worldbank.org\/?cid=ECR_TT_worldbank_EN_EXT_AM2020\">meetings<\/a><\/strong><strong>, which kick off tomorrow<\/strong> and run until Sunday 18 October. The meetings, headlined \u201cSupporting a Resilient Recovery,\u201d will also focus on human capital, digital development, and poverty. <strong>Look for a coordinated response to covid-19 to be on the agenda.<\/strong><\/p><p><strong>Two chapters of the IMF\u2019s carefully read <\/strong><strong><a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\">World Economic Outlook<\/a><\/strong><strong> are already out<\/strong>, covering the economic impact of \u201cThe Great Lockdown\u201d and how to mitigate climate change. The WEO is typically published twice a year.<\/p><p><strong>A two-day Regional Forum for Medical Insurance and Healthcare kicks off<\/strong><strong> here at home today<\/strong>, where private and public sector players will gather to discuss health challenges amid the pandemic, according to <a href=\"https:\/\/bit.ly\/34JwB4H\">Youm7<\/a>. The forum is organized by the Insurance Federation of Egypt.<\/p><p><strong>There\u2019s just a week of campaigning left <\/strong><strong>before voters go to the polls to elect a new House <\/strong><strong>of Representatives.<\/strong> The campaign period will end next Sunday, 18 October \u2014 three days before expats from 14 governorates cast their ballots in the first round of voting on 21-23 October. The polls open for voters here at home on 24-25 October. Check out our calendar for a refresher on who votes when.<\/p><p><strong>IT\u2019S ALSO A BIG WEEK FOR: Gadget nerds. <\/strong>Apple will unveil as many as <strong><a href=\"https:\/\/www.theverge.com\/2020\/10\/9\/21508948\/iphone-12-mini-pro-max-release-date-price-features-dolby-vision-xdr-display-storage-capacity\">four new iPhones<\/a><\/strong> on Tuesday at its virtual \u201cHi, Speed\u201d event, which you can <a href=\"https:\/\/www.apple.com\/apple-events\/\">stream live here<\/a>. The business press is excited (<a href=\"https:\/\/www.wsj.com\/articles\/apples-5g-iphone-will-need-to-be-more-than-5g-11602338400?mod=hp_lista_pos2\">WSJ<\/a> | <a href=\"https:\/\/www.ft.com\/content\/171cd902-65b4-471c-86f8-a620803cc732\">FT<\/a>). Meanwhile, <strong>Nikon<\/strong> will until its much-awaited Z6 II and Z7 II mirrorless cameras on Wednesday \u2014 Nikon Rumors has an <a href=\"https:\/\/nikonrumors.com\/2020\/10\/09\/more-nikon-z6-ii-and-z7-ii-rumored-specifications.aspx\/\">updated rundown<\/a> on what you can expect.<\/p><p>And <strong>Fujifilm<\/strong> will unveil its X-S10 midrange mirrorless camera this week \u2014 it <a href=\"https:\/\/www.fujirumors.com\/fujifilm-x-s10-additional-specs-size-and-weight-and-product-images-leaked\/\">leaked over the weekend<\/a>.<\/p><p><strong>AND FOR SQUASH NERDS: <\/strong>The CIB Egyptian Squash Open kicked off yesterday and runs through Saturday at the New Giza Sporting Club and the Pyramids of Giza. It\u2019s the first \u201cplatinum\u201d level tournament since the PSA World Tour returned after a six-month break thanks to covid-19. Check out coverage on <a href=\"http:\/\/thesquashsite.com\/cib-egyptian-open\">The Squash Site<\/a> as well as <a href=\"http:\/\/pharaohsquash.net\/\">the Egyptian Squash Federation\u2019s site<\/a>.<\/p><hr class=\"grey-line\"><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/113432613540693\/posts\/229747658575854\/?extid=0&amp;d=n\">reported<\/a><\/strong><strong> 125 new covid-19 infections yesterday<\/strong>, up from 106 the day before. Egypt has now disclosed a total of 104,387 confirmed cases of covid-19. The ministry also reported 11 new deaths, bringing the country\u2019s total death toll to 6,040. We now have a total of 97,643 confirmed cases that have fully recovered.<\/p><p><strong>Covid has never gone away \u2014 we\u2019re still in the first wave.<\/strong> That\u2019s what Hossam Hosni, the head of the Scientific Committee to Combat Coronavirus, told talkshow host Sayed Ali, stressing that Egypt should look to the second wave now sweeping Europe as a warning. Hosni urged citizens to continue adhering to precautionary measures, especially as we head into flu season. While covid-19 has mutated to become less severe, he said, it is very contagious (<a href=\"https:\/\/www.youtube.com\/watch?v=lhLIrvAC2KA\">watch, runtime: 5:54<\/a>).<\/p><p><strong>How bad are things in Europe? <\/strong>Grim enough that pundits are talking about the economic gains of this past summer <a href=\"https:\/\/www.nytimes.com\/2020\/10\/10\/business\/European-economy-coronavirus.html\">now being erased<\/a>. Canada is <a href=\"https:\/\/www.cbc.ca\/news\/canada\/toronto\/covid-19-ontario-cases-friday-1.5756516\">also in the midst of a second wave<\/a>, with new restrictions coming into effect in Toronto, Ottawa and Peel.<\/p><p><strong>No tourists visiting Egypt have tested positive for covid-19 in the past three months<\/strong>, according to <a href=\"https:\/\/bit.ly\/33JHi82\">Tourism Minister Khaled El Anany<\/a>. Tourism has begun to slowly rebound since international flights resumed in July, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/072e07e5-04ba-435f-a617-0fb3a35afe38\">some 250k tourists visiting Sharm El Sheikh and Hurghada<\/a> between July and mid-September.<\/p><p><strong>Saturday marked the largest number of daily international and local flights <\/strong><strong>operated by EgyptAir since the resumption of air travel<\/strong>, with 60 flights landing in 47 destinations, according to <a href=\"https:\/\/bit.ly\/3dimOXe\">Youm7<\/a>. This came a day after EgyptAir resumed flights between Alexandria and Dubai while also adding additional weekly flights to Muscat, Johannesburg, Kigali, and Entebbe. Meanwhile, Alexandria Airlines is set to resume flights between Cairo and southern Yemen this week, according to <a href=\"https:\/\/www.thenational.ae\/world\/mena\/egypt-s-alexandria-airlines-cleared-for-flights-to-southern-yemen-1.1088924\">the National<\/a>.<\/p><p><strong>Citizens can now register their water meter readings online via an app to reduce footfall <\/strong><strong>at customer service centers<\/strong>, according to a <a href=\"https:\/\/bit.ly\/3jRTtoQ\">cabinet statement<\/a>. The My Reading app is available in Arabic on <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.hcww.it.myreading&amp;hl=ar&amp;gl=US\">Android<\/a> and <a href=\"https:\/\/apps.apple.com\/eg\/app\/%D9%82%D8%B1%D8%A7%D8%A1%D8%AA%D9%8A-%D9%82%D8%B1%D8%A7%D8%A1%D8%A9-%D8%B9%D8%AF%D8%A7%D8%AF-%D8%A7%D9%84%D9%85%D9%8A%D8%A7%D9%87\/id1518978525\">iOS<\/a>. The Holding Company for Water and Wastewater had previously launched a separate app (<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=hcww.orchtech.com.ebrd_live\">Android<\/a> | <a href=\"https:\/\/apps.apple.com\/eg\/app\/%D9%A1%D9%A2%D9%A5\/id1431089961\">iOS<\/a>) for online water bill payments, which was made available to residents of Cairo, Giza, Menoufia, Beheira, Kafr El Sheikh, Sohag, Alexandria, Red Sea, Matrouh, and South Sinai as a first phase and will be rolled out across the rest of the country in later stages.<\/p><p><strong>The pandemic will likely push another 88-115 mn people \u2014 over 1.4% of the world\u2019s <\/strong><strong>population \u2014 into extreme poverty in 2020<\/strong>, setting us back to 2017-era levels of poverty, <a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2020\/10\/07\/covid-19-to-add-as-many-as-150-million-extreme-poor-by-2021#:~:text=The%20convergence%20of%20the%20COVID,rate%20could%20be%20about%207%25\">the World Bank<\/a> said on Wednesday. The proportion of the global population living on less than USD 1.90 a day is expected to increase for the first time in two decades, hitting 9.1-9.4%. Pre-covid forecasts had the rate falling to 7.9% this year.<\/p><p>Meanwhile, <strong>the UN World Food Programme <\/strong><strong><a href=\"https:\/\/www.nobelprize.org\/prizes\/peace\/2020\/summary\/\">has been awarded<\/a><\/strong><strong> the 2020 Nobel <\/strong><strong>Peace Prize<\/strong> \u201cfor its efforts to combat hunger, for its contribution to bettering conditions for peace in conflict-affected areas, and for acting as a driving force to prevent the use of hunger as a weapon of war and conflict.\u201d<\/p><p><strong>The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel <\/strong>will be announced tomorrow.<\/p><p><strong>Davos 2021 won\u2019t be held in Davos:<\/strong> The 2021 World Economic Forum (WEF) will take place in Lucerne, Switzerland instead of its usual hub Davos, <a href=\"https:\/\/www.weforum.org\/press\/2020\/10\/annual-meeting-2021-to-take-place-in-lucerne-burgenstock\">the forum announced<\/a> on Wednesday. The WEF <a href=\"https:\/\/www.weforum.org\/press\/2020\/08\/annual-meeting-2021-in-davos-rescheduled\">had already been forced<\/a> to push the summit to early summer due to covid-19 and announced last week that it will take place on 18-21 May in the lakeside town. A virtual \u201cDavos Dialogues\u201d meeting will take place during the week of 25 January.<\/p><hr class=\"grey-line\"><p><strong>HSBC thinks it\u2019s time for a \u201cgreat rebalancing\u201d of investor portfolios<\/strong>, including moving away from government bonds and diversifying into commodities such as gold and inflation-linked bonds amid signs that the global recovery is starting to slow, <a href=\"https:\/\/www.cnbc.com\/2020\/10\/09\/hsbc-calls-start-of-a-great-rebalancing-for-investment-portfolios.html\">CNBC<\/a>reports, citing HSBC Global Asset Management\u2019s quarterly outlook.<\/p><p><strong>The US stock market\u2019s biggest rally in three months has left analysts scratching <\/strong><strong>their heads:<\/strong> The S&amp;P 500 climbed 7.4% this past week, leaving observers struggling to explain the market\u2019s buoyancy in the face of a pandemic and a presidential election, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-10-09\/never-mind-the-narratives-this-market-wants-to-go-higher?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>reports. Pundits have pointed to possible explanations, including an expected presidential victory for the Democrats, investors remaining in \u201cbuying mode\u201d as equity purchases remain tried and true with stable yields thanks to Fed support, and indexes bouncing back from tech-led tumbles in September.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/SOMA-ENTERPRISE2.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>Saudi\u2019s sovereign wealth fund is looking to snap up an undisclosed stake in Abu <\/strong><strong>Dhabi-based retailer <\/strong><strong>Lulu Group<\/strong> and is in early-stage talks with founder Yusuff Ali, according to <a href=\"https:\/\/bit.ly\/3lvIVfn\">Hapi Journal<\/a>, citing two sources close to the talks. One of the Middle East\u2019s largest retailers, <strong>Lulu is already a significant investor in Egypt<\/strong> and plans to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/229358e3-77f5-4fce-86b2-f2bf430c64b6\">spend USD 1 bn<\/a> to expand its operations here over the next three years.<\/p><p><strong>US ELECTION WATCH- The Donald made his first public appearance yesterday since his<\/strong><strong> covid-19 diagnosis<\/strong>, addressing supporters at the White House ahead of an anticipated return to the campaign trail this week, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-election\/feeling-great-trump-appears-in-public-for-first-time-since-return-from-hospital-idUSKBN26V09I\">Reuters<\/a> reports. King Cheeto\u2019s physician said he is no longer a transmission risk, but stopped short of giving details of his current medical condition.<\/p><p><strong>The second presidential debate between Trump and challenger Joe Biden has been <\/strong><strong>scrapped <\/strong>after Trump balked at squaring off virtually, <a href=\"https:\/\/apnews.com\/article\/election-2020-virus-outbreak-donald-trump-rush-limbaugh-campaigns-705e9f19162daa9c595b7a3c03f5a8d2\">the AP reports<\/a>.<\/p><p>Meanwhile, <strong>the White House-proposed USD <\/strong><strong>1.8 tn<\/strong><strong> stimulus package fell flat at the<\/strong><strong> House of Representatives<\/strong>, dashing hopes that Congress could pass aid before the November elections, reports <a href=\"https:\/\/www.ft.com\/content\/f57b20c9-c39b-46f9-afa7-f2bd2747a676\">the Financial Times<\/a>. Despite almost doubling an amount Republicans proposed in late summer, the new package falls short of a USD 2.2 tn bill Democrats previously passed, leaving both camps unhappy, says <a href=\"https:\/\/www.cnbc.com\/2020\/10\/10\/pelosi-dismisses-trump-coronavirus-stimulus-offer.html\">CNBC<\/a>.<\/p><p class=\"web-image\"><a href=\"https:\/\/bit.ly\/2I5qIXO\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/Chris-Khalifa-BW-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>Meet Chris Khalifa, CEO and founder of Zooba, the first guest on season three of Making <\/strong><strong>It, our podcast on how to build a great business in Egypt: <\/strong>Khalifa created Zooba with the aim of elevating Egyptian street food into a culinary export. With seven branches across Cairo, a New York outpost, and a franchise agreement to launch 20 branches in the GCC, the banker-by-training Khalifa turned an idea into a robust brand that has legs globally.<\/p><p><strong>You <\/strong><strong><a href=\"https:\/\/apple.co\/3jGRzHv\">already have a podcast player on your iPhone<\/a><\/strong>, or you can listen to the episode through <a href=\"https:\/\/bit.ly\/2I5qIXO\">our website<\/a> (no download required). We\u2019re also on <a href=\"https:\/\/bit.ly\/3jFlxvF\">Google Podcast<\/a> | <a href=\"https:\/\/bit.ly\/3iMTIjT\">Anghami<\/a> | <a href=\"https:\/\/bit.ly\/3iEPpqC\">Omny<\/a>. Making It is on Spotify, but only for non-MENA accounts.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chris-khalifa\/\">Chris Khalifa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/david-malpass\/\">David Malpass<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-el-anany\/\">Khaled El Anany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lulu-group\/\">Lulu Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/making-it\/\">Making It<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-york\/\">New York<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n              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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575275\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypts-talk-shows-inauguration-of-turathna-exhibition-salah-diabs-release\/\">\r\n                            Egypt\u2019s talk shows: Inauguration of Turathna exhibition, Salah Diab\u2019s release                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypts-talk-shows-inauguration-of-turathna-exhibition-salah-diabs-release\/&title=Egypt\u2019s talk shows: Inauguration of Turathna exhibition, Salah Diab\u2019s release\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+talk+shows%3A+Inauguration+of+Turathna+exhibition%2C+Salah+Diab%E2%80%99s+release+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fegypts-talk-shows-inauguration-of-turathna-exhibition-salah-diabs-release%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypts-talk-shows-inauguration-of-turathna-exhibition-salah-diabs-release\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575275\" class=\"content-area-description single-story post-575275 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-salah-diab wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The airwaves were awash last night with coverage of President Abdel Fattah El Sisi\u2019s<\/strong><strong> inauguration of the <\/strong><strong><a href=\"http:\/\/turathna.eg\/en\/about\">Turathna<\/a><\/strong><strong> handicraft exhibition<\/strong>, which features 620 artisans and entrepreneurs and more than 45 civil society organizations, Trade and Industry Minister Nevine Gamea told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=1LD2Rw8pBl0&t=308s\">watch, runtime: 8:05<\/a>). The exhibition also has a pavilion dedicated to the government\u2019s Upper Egypt development program, Local Development Ministry spokesperson Khaled Kassim told Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=ZDwxWixIt-M&t=21s\">watch, runtime: 9:45<\/a>). Also taking note of the exhibition: Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=C4dYyn6iy6E\">watch, runtime: 5:50<\/a>) and Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=bPquwQvA4L4\">watch, runtime: 14:56<\/a>)<\/p>\n<p><strong>Businessman Salah Diab was released from detention yesterday<\/strong> following his arrest <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0d4a201d-1b88-4489-aaa8-af8767d32415\">last month<\/a> on charges he allegedly acquired the EGP 70 mn Queen Wooden Products Factory in 2013 in collusion with officials at the Suez Canal Bank, lawyer Farid El Deeb told Ahmed Moussa. Diab \u2014 the founder of Pico Group and Al Masry Al Youm newspaper \u2014 has had no connection with the company since 2013 and is therefore not responsible for the company\u2019s alleged misuse of public land and building without licenses, El Deeb said (<a href=\"https:\/\/www.youtube.com\/watch?v=VlUVrWuk1q0\">watch, runtime: 2:56<\/a>).<\/p>\n<p><strong>GERD breakthrough soon?<\/strong> South Africa is still reviewing Egypt, Ethiopia, and Sudan\u2019s reports on their last round of meetings on the Grand Ethiopian Renaissance Dam (GERD) but the three countries have not ceased diplomatic communication on the issue, Irrigation Ministry spokesperson Mohamed El Sibai told Hadrat Al Mowaten\u2019s Sayed Ali. El Sibai separately noted that the flooding season should come to a close at the end of October, but may continue until mid-November since this year\u2019s flooding was bigger than most years (<a href=\"https:\/\/www.youtube.com\/watch?v=bVx0HCoR2Ok&t=11s\">watch, runtime: 5:27<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/salah-diab\/\">Salah Diab<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575276\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575276\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/\">\r\n                            Egypt: Inflation edges up slightly in September but is still near record low                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt: Inflation edges up slightly in September but is still near record low&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/&title=Egypt: Inflation edges up slightly in September but is still near record low\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%3A+Inflation+edges+up+slightly+in+September+but+is+still+near+record+low+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fegypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/88.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575277\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-inflation-edges-up-slightly-in-september-but-is-still-near-record-low\/88-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/88.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"88.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/88.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/88.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575276\" class=\"content-area-description single-story post-575276 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-central-bank-of-egypt tag-enterpriseam tag-inflation tag-monetary-policy tag-policy tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Inflation edges up slightly in September \u2014 but is still near record low:<\/strong> Egypt\u2019s annual urban inflation accelerated to 3.7% in September, up marginally from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6d5bc25-216b-4cc9-9246-92eefbcacd4c\">3.4% in August<\/a> \u2014 the lowest level since 2005, according to calculations made from state statistics agency <a href=\"https:\/\/ent.news\/2020\/10\/20201010894_%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A-09-2020.pdf\">Capmas figures (pdf)<\/a>. Inflation has continued to ease over the past two months from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/55dfb38b-b3e4-4641-ba16-43c9425307a9\">4.2% in July<\/a> as food prices resume their decline on a monthly basis. Urban and rural food and beverage prices fell 3.5% y-o-y in September and 0.6% m-o-m.<\/p>\n<p><strong>The September reading is lower than what is typically expected, considering seasonal factors<\/strong> such as the reopening of schools, which usually drive monthly prices up 1% as schools reopen, Pharos head of research Radwa El Swaify told Enterprise. The annual headline rate is also well below the Central Bank of Egypt\u2019s (CBE) inner band target of 6-12%, Elswaify points out.<\/p>\n<p><strong>The CBE is expected to release today the figure for September's core inflation<\/strong>, which strips out volatile items such as food and fuel. Annual core inflation increased to 0.8% in August, up from 0.7% in July. Core inflation recorded -0.2% on a monthly basis (compared with -0.4% in August 2019 and -0.1% in July).<\/p>\n<p><strong>Reminder: <\/strong><strong>Too-low inflation could lead to IMF consultation: <\/strong>Economists <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09265a82-4346-4d8b-9df6-ca74beaf0fec\">suggested to Reuters last week<\/a> that persistently low inflation figures could trigger consultations with the IMF later this year. Under the USD 5.2 bn stand-by facility Egypt had agreed to with the fund, authorities are to consult with IMF technical experts should the rate fall below 6% by the end of September, and with the executive board if it dips below 4%. The CBE is next scheduled to review interest rates on 12 November.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575295\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575296\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575296\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/\">\r\n                            An Egyptian entrepreneur selling cold beverages in 1914 Cairo                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=An Egyptian entrepreneur selling cold beverages in 1914 Cairo&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/&title=An Egyptian entrepreneur selling cold beverages in 1914 Cairo\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=An+Egyptian+entrepreneur+selling+cold+beverages+in+1914+Cairo+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fan-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/94.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575297\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/an-egyptian-entrepreneur-selling-cold-beverages-in-1914-cairo\/94-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/94.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"94.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/94.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/94.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575296\" class=\"content-area-description single-story post-575296 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-entrepreneurship tag-image-of-the-day tag-photography wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Forget series B funding rounds and unspecified six figure sums for a moment:<\/strong> Here\u2019s an Egyptian entrepreneur scouting his next move in the hustle and bustle of 1914 Cairo. Now that\u2019s real grit. High definition restoration c\/o: <a href=\"https:\/\/twitter.com\/StuartHumphryes\/status\/1312079880750678016\">BabelColour<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/photography\/\">photography<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575298\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575298\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-the-news-on-11-october-2020\/\">\r\n                            Egypt in the News on 11 October 2020                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-the-news-on-11-october-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-the-news-on-11-october-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-the-news-on-11-october-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 11 October 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-the-news-on-11-october-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-the-news-on-11-october-2020\/&title=Egypt in the News on 11 October 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+11+October+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fegypt-in-the-news-on-11-october-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-the-news-on-11-october-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575298\" class=\"content-area-description single-story post-575298 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ahmed-bassam-zaki tag-building-code tag-egypt-in-the-news tag-enterpriseam tag-journalism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Politics is the overarching theme in the foreign press\u2019 coverage of Egypt this<\/strong><strong> morning.<\/strong> <a href=\"https:\/\/www.dw.com\/en\/egypt-crackdown-intensifies-as-protests-spread-to-rural-poor\/a-55184682\">Deutsche Welle<\/a> picks up on sporadic demonstrations in rural areas in response to what it says are challenging economic conditions, while <a href=\"https:\/\/apnews.com\/article\/sexual-misconduct-cairo-egypt-media-social-media-845a9819b506b3c51e50adde31fec4be\">the Associated Press<\/a> took note of the start of the trial of alleged serial [redacted] offender Ahmad Bassam Zaki, who was arrested during the summer after confessing to charges of serially blackmailing and abusing a number of women. <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2020\/10\/egypt-death-sentence-political-detainees-human-rights.html\">Al Monitor<\/a>, meanwhile, notes the recent carrying out of 15 death penalty sentences; 13 of the 15 were members of the terror organization Ajnad Misr.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-bassam-zaki\/\">Ahmed Bassam Zaki<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/building-code\/\">building code<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/journalism\/\">journalism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575299\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575299\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/\">\r\n                            Worms can be part of the solution to the plastics problem affecting our oceans                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Worms can be part of the solution to the plastics problem affecting our oceans&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/&title=Worms can be part of the solution to the plastics problem affecting our oceans\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Worms+can+be+part+of+the+solution+to+the+plastics+problem+affecting+our+oceans+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fworms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/95.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575300\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/worms-can-be-part-of-the-solution-to-the-plastics-problem-affecting-our-oceans\/95-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/95.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"95.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/95.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/95.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575299\" class=\"content-area-description single-story post-575299 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-plastic tag-science tag-water tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>There are an estimated 14 mn metric tons of microplastics sitting on the ocean floor, <\/strong><strong>and more than 35 times more floating on the ocean surface<\/strong>, <a href=\"https:\/\/edition.cnn.com\/2020\/10\/06\/world\/microplastics-oceans-14-million-metric-tons-intl-hnk\/index.html\">CNN<\/a> reports, citing a new study from Australia's national science agency CSIRO. Microplastics form when plastic thrown into the ocean deteriorates and sinks to the floor, affecting deep ocean wildlife. Plastic pollution looks to only get worse, with an estimated 710 mn metric tons of plastic expected to pollute the environment by 2040, according to a study published in <a href=\"https:\/\/science.sciencemag.org\/content\/369\/6510\/1455\">Science Magazine<\/a>.<\/p>\n<p><strong>The solution (or at least part of it) \u2026 worms: <\/strong>Mealworms are able to digest and break down certain types of plastic components such as polystyrene and polyethylene while wax worms can degrade wax, according to Anja Brandon, a researcher at Stanford University. Mealworms get energy from breaking down the plastic components and eject the remaining chemicals, making them further useful in the feed industry where they are eaten by pigs and livestock. Brandon is trying to isolate the bacteria in mealworms\u2019 stomachs that degrade plastics to scale them into bioreactors that can be used industrially, she explains in CNN\u2019s Call to Earth (<a href=\"https:\/\/edition.cnn.com\/2020\/10\/06\/world\/microplastics-oceans-14-million-metric-tons-intl-hnk\/index.html\">watch: runtime: 03:02<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/plastic\/\">plastic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/science\/\">science<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575301\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575301\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/diplo-foreign-trade-on-11-october-2020\/\">\r\n                            Diplo + Foreign Trade on 11 October 2020                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/diplo-foreign-trade-on-11-october-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/diplo-foreign-trade-on-11-october-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/diplo-foreign-trade-on-11-october-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Diplo + Foreign Trade on 11 October 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/diplo-foreign-trade-on-11-october-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/diplo-foreign-trade-on-11-october-2020\/&title=Diplo + Foreign Trade on 11 October 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Diplo+%2B+Foreign+Trade+on+11+October+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fdiplo-foreign-trade-on-11-october-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/diplo-foreign-trade-on-11-october-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575301\" class=\"content-area-description single-story post-575301 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-agriculture tag-debt tag-development tag-diplomacy tag-diplomacy-foreign-trade tag-eastern-mediterranean tag-enterpriseam tag-greece tag-infrastructure tag-pandemic tag-sustainability wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping diplomacy news this morning:<\/strong> Egypt\u2019s maritime border demarcation agreement with Greece got signoff from President Abdel Fattah El Sisi yesterday, according to a decree <a href=\"https:\/\/alborsaanews.com\/2020\/10\/10\/1389808\">published in the Official Gazette<\/a>. The agreement, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c3ad5b2-df09-4b29-a8b0-493e1b964837\">signed in August<\/a> and ratified by the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/142474c9-8af2-4a37-b3e5-f691c379668d\">Egyptian<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/884ffb3b-ecab-4274-9cc7-d837191c5bc8\">Greek<\/a> parliaments, competes with a separate pact between Turkey and Libya last year for a joint maritime zone by expanding Greece\u2019s territorial waters west into the Ionian sea. It led to a rift between Ankara and Athens, but both countries have been in talks recently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69774100-7b00-4d59-ae00-48fd7b8fa9ec\">to cool off tensions<\/a> in the natural gas-rich area.<\/p>\n<p><strong><a href=\"https:\/\/alborsaanews.com\/2020\/10\/10\/1389811\">Also ratified by the president yesterday<\/a><\/strong><strong>: <\/strong>A KWD 25 mn (c. USD 81 mn) facility from the Kuwait Fund for Arab Economic Development (KFAED) to fund the construction of a road that connects the tunnel running under the Suez Canal with Sharm El Sheikh.<\/p>\n<p><strong>Meanwhile on the trade front: Egypt\u2019s citrus exports have fallen nearly 18% year-to-date <\/strong>due to trade disruptions caused by the pandemic. Head of the Central Administration of Agricultural Quarantine at the Ministry of Agriculture Ahmed Al Attar told <a href=\"https:\/\/bit.ly\/3lvheDA\">Al Mal<\/a> Egypt has exported some 1.4 mn tonnes of citrus fruits in 2020, compared to 1.7 mn tonnes during the same period last year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-mediterranean\/\">Eastern Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575302\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575302\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\">\r\n                            Private sector buys 40k qintars of cotton under new auction system                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Private sector buys 40k qintars of cotton under new auction system&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/&title=Private sector buys 40k qintars of cotton under new auction system\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Private+sector+buys+40k+qintars+of+cotton+under+new+auction+system+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fprivate-sector-buys-40k-qintars-of-cotton-under-new-auction-system%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/private-sector-buys-40k-qintars-of-cotton-under-new-auction-system\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575302\" class=\"content-area-description single-story post-575302 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-agriculture tag-basic-materials-commodities tag-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Private-sector companies bought nearly 40k qintars of cotton since the launch of the state\u2019s new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b78c816d-20e5-4214-af2a-62bc8fe99a67\">auction-based cotton trading system<\/a>, which began on 15 September and will end on 15 December, cabinet said in <a href=\"https:\/\/bit.ly\/30SxiHK\">a statement<\/a>. Companies from the private sector won all auctions held in Fayoum, Beni Suef, Beheira, and Sharqia since early September. The average selling price for the crops was EGP 1,805 per qintar in Beni Suef and Sharqia and EGP 2,050 in Fayoum.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575303\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575303\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/arafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker\/\">\r\n                            Arafa Holding\u2019s UK subsidiary signs license agreement with Ted Baker                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/arafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/arafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/arafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Arafa Holding\u2019s UK subsidiary signs license agreement with Ted Baker&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/arafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/arafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker\/&title=Arafa Holding\u2019s UK subsidiary signs license agreement with Ted Baker\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Arafa+Holding%E2%80%99s+UK+subsidiary+signs+license+agreement+with+Ted+Baker+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Farafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/arafa-holdings-uk-subsidiary-signs-license-agreement-with-ted-baker\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575303\" class=\"content-area-description single-story post-575303 post type-post status-publish format-standard hentry category-manufacturing tag-arafa-holding tag-enterpriseam tag-europe tag-fashion tag-manufacturing tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Arafa Holding\u2019s UK subsidiary Baird Group has signed a license agreement with British luxury clothing company Ted Baker to manufacture and distribute menswear for three years in the UK, Europe and other markets, the company said in an <a href=\"https:\/\/bit.ly\/3dffH1o\">EGX filing (pdf)<\/a>. Baird Group, which operates in 48 retail stores and 147 concessions in the UK and Europe, entered voluntary insolvency procedures <a href=\"https:\/\/home.kpmg\/uk\/en\/home\/media\/press-releases\/2020\/07\/baird-group-launches-cva-proposal.html\">in July<\/a> due to poor retail sector conditions which were exacerbated by covid-19. The corporate voluntary agreement was approved by creditors <a href=\"https:\/\/home.kpmg\/uk\/en\/home\/media\/press-releases\/2020\/08\/creditors-approve-baird-group-cva-proposal.html\">in August<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arafa-holding\/\">Arafa Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/europe\/\">Europe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fashion\/\">fashion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575304\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575304\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains\/\">\r\n                            Egypt in talks with Spanish lenders for USD 160 mn loans to buy sleeper trains                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in talks with Spanish lenders for USD 160 mn loans to buy sleeper trains&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains\/&title=Egypt in talks with Spanish lenders for USD 160 mn loans to buy sleeper trains\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+talks+with+Spanish+lenders+for+USD+160+mn+loans+to+buy+sleeper+trains+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fegypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypt-in-talks-with-spanish-lenders-for-usd-160-mn-loans-to-buy-sleeper-trains\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575304\" class=\"content-area-description single-story post-575304 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-debt tag-enterpriseam tag-infrastructure tag-spain tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egyptian National Railways (ENR) is in talks with unnamed Spanish lenders for a USD 160 mn loan to purchase six new sleeper train cars, <a href=\"https:\/\/bit.ly\/30UXjGm\">Al Shorouk<\/a> reports, quoting an unnamed source. The funding is part of a plan by ENR subsidiary <a href=\"https:\/\/www.wataniasleepingtrains.com\">Watania Sleeping Trains<\/a> to overhaul sleeper trains in Egypt. Watania operates 101 sleeper train cars, most of which need upgrades.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spain\/\">Spain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575305\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575305\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fra-approves-americanas-egx-delisting\/\">\r\n                            FRA approves Americana\u2019s EGX delisting                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fra-approves-americanas-egx-delisting\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fra-approves-americanas-egx-delisting\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fra-approves-americanas-egx-delisting\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=FRA approves Americana\u2019s EGX delisting&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fra-approves-americanas-egx-delisting\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fra-approves-americanas-egx-delisting\/&title=FRA approves Americana\u2019s EGX delisting\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=FRA+approves+Americana%E2%80%99s+EGX+delisting+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Ffra-approves-americanas-egx-delisting%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fra-approves-americanas-egx-delisting\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575305\" class=\"content-area-description single-story post-575305 post type-post status-publish format-standard hentry category-banking-finance tag-adeptio tag-americana-egypt tag-banking-finance tag-capital-markets tag-egx tag-enterpriseam tag-financial-regulatory-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Americana Egypt\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43985e0e-7dc7-48e4-815f-712190b47259\">request<\/a>to delist 400 mn shares from the EGX has been approved by the Financial Regulatory Authority\u2019s (FRA) Securities Registration Committee following its purchase by Adeptio, <a href=\"https:\/\/alborsaanews.com\/2020\/10\/07\/1389293\">the local press<\/a> reports. The company is now authorized to gradually delist shares from the EGX in one week intervals until 31 January, 2021. Americana Egypt is transferring ownership to the Emirati outfit, which last month purchased the 9.6% of the company that it did not already own at EGP 6.32 per share in a mandatory tender offer.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adeptio\/\">Adeptio<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/americana-egypt\/\">Americana Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575306\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"575306\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/the-market-yesterday-185\/\">\r\n                            The Market Yesterday                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/the-market-yesterday-185\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/the-market-yesterday-185\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/the-market-yesterday-185\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/the-market-yesterday-185\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/the-market-yesterday-185\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F11%2Fthe-market-yesterday-185%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/the-market-yesterday-185\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575306\" class=\"content-area-description single-story post-575306 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight: bold;color: #696969;\">Powered by<\/span><\/p>\n<p><a href=\"https:\/\/pharoslive.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Pharos Holding - https:\/\/pharoslive.com\/\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/pharoslive-logo.png?ssl=1\" style=\"display: inline-block;\" \/><\/a><\/p>\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 15.66 | Sell 15.76<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.65 | Sell 15.75<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.67 | Sell 15.77<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 11,327 (+1.6%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.6 bn (42% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -18.9%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 1.6%. CIB, the index\u2019s heaviest constituent, closed up 2.0%. EGX30\u2019s top performing constituents were Heliopolis Housing and Development (+6.1%), GB Auto (+6.0%), and Sodic (+4.6%). Wednesday\u2019s worst performing stocks were Elsewedy Electric (-2.5%), Porto Group (-0.6%) and Egypt Kuwait Holding (-0.4%). Market turnover was EGP 1.6 bn and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -3.0 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +56.7 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -53.7 mn<\/p>\n<p><strong>Retail<\/strong>: 77.3% of total trades | 79.8% of buyers | 74.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 22.7% of total trades | 20.2% of buyers | 25.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 40.60 (-1.43%)<br \/>\n <strong>Brent:<\/strong> USD 42.85 (-1.13%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 2.74 MMBtu, (+4.34%, November 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,926.20 \/ troy ounce (+1.64%)<\/p>\n<p><strong>TASI:<\/strong> 8,412.55 (+0.64%) (YTD: +0.28%)<br \/>\n <strong>ADX:<\/strong> 4,512.51 (+0.40%) (YTD: -11.10%)<br \/>\n <strong>DFM:<\/strong> 2,214.32 (+0.07%) (YTD: -19.91%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,372.82 (+0.75%)<br \/>\n <strong>QE:<\/strong> 10,032.13 (+1.00%) (YTD: -3.77%)<br \/>\n <strong>MSM:<\/strong> 3,604.21 (-0.11%) (YTD: -9.47%)<br \/>\n <strong>BB: <\/strong>1,458.41 (+0.62%) (YTD: -9.43%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575307\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/575307\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575307\" class=\"content-area-description single-story post-575307 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>October: Trade and Industry Ministry allocates SMEs seven industrial complexes.<\/p>\n<p>10-15 October (Saturday-Thursday): <a href=\"http:\/\/turathna.eg\/en\/event\/turathna-2020\">Turathna 2020<\/a> exhibition for traditional handicrafts, Egypt International Exhibition Center, Nasr City, Cairo. <\/p>\n<p>11-12 October (Sunday-Monday): <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/388014\/Business\/Economy\/Egypt-to-host-th-round-of-medical-insurance,-healt.aspx\">Regional Forum for Medical Insurance and Healthcare<\/a>, Cairo, Egypt.<\/p>\n<p>12 October (Monday): The Egyptian Iron and Steel company <a href=\"https:\/\/bit.ly\/2RJtfZq\">general assembly<\/a> would discuss demerging its mining and quarrying unit and restructure the company\u2019s board of directors<\/p>\n<p>12-18 October (Monday-Sunday): 2020 Virtual Annual Meetings of the International Monetary Fund and the World Bank Group.<\/p>\n<p>10-17 October (Saturday-Saturday): CIB Egyptian Squash Open, New Giza Sporting Club \/ Pyramids of Giza.<\/p>\n<p>17 October (Saturday): 2020-2021 academic year <a href=\"https:\/\/egyptindependent.com\/egypts-academic-year-to-start-october-17-but-decisions-remain-to-be-made\/\">begins<\/a> for K-12 students at state schools and students in <a href=\"https:\/\/bit.ly\/3eRqo9E\">public universities<\/a>.<\/p>\n<p>18 October (Sunday): A court will hold <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%a8%d9%8a%d8%a7%d9%86%20%d9%82%d8%b6%d9%8a%d8%a9%202%20%d8%b9%d8%a7%d9%85%d8%b1%2004-10-2020.pdf\">a postponed hearing<\/a> to look into <a href=\"https:\/\/www.arabfinance.com\/en\/news\/details\/egypt-companies\/471891\">an unpaid claims lawsuit<\/a> by Syria\u2019s Antradous against Mansour Amer\u2019s Amer Group and Porto Group.<\/p>\n<p>18-22 October (Sunday-Thursday): The annual <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a> event \u2014 which will be semi- virtual this year \u2014 will be held under the slogan \u201cWater Security for Peace and Development in Arid Regions\u201d<\/p>\n<p>21-23 October (Wednesday-Friday): Polls open to international voters for first round of Parliamentary elections in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/p>\n<p>23-31 October (Friday-Saturday): <a href=\"http:\/\/elgounafilmfestival.com\/\">El Gouna Film Festival<\/a>, El Gouna, Egypt.<\/p>\n<p>24-25 October (Saturday - Sunday) Polls open for first round of Parliamentary elections in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/p>\n<p>29 October (Thursday): Prophet Mohamed\u2019s birthday (TBC), national holiday.<\/p>\n<p>End of October: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d33a1331-bba4-462c-a268-96256d9235ec\">Last chance to settle building code violations<\/a> for illegal buildings.<\/p>\n<p>November: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n<p>November: An Egyptian-Russian ministerial committee <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/3275672832501495\">will meet<\/a> to discuss trade and investment in Moscow.<\/p>\n<p>2 November: Former Civil Aviation Minister Ahmed Shafik faces <a href=\"https:\/\/bit.ly\/3lwPXla\">retrial<\/a> at Cairo Court of Appeals in the so-called Aviation Ministry corruption case.<\/p>\n<p>4-5 November (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>4-6 November (Wednesday-Friday): Polls open to international voters for first round of Parliamentary elections in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>4-7 November (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt Expo<\/a>, International Exhibition Center, Cairo<\/p>\n<p>7-8 November (Saturday-Sunday): Polls open for first round of Parliamentary elections in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>12 November (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>15 November (Sunday): Egyptian Tax Authority\u2019s <a href=\"https:\/\/bit.ly\/32UQfK0\">online intro seminar<\/a> on new electronic invoice system for first tranche of companies transitioning to e-filing program.<\/p>\n<p>19-28 November (Thursday-Sunday): <a href=\"https:\/\/www.ciff.org.eg\/\">Cairo International Film Festival<\/a>, Cairo Opera House, Egypt.<\/p>\n<p>23-24 November (Monday-Tuesday): Reruns for Parliamentary elections in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/p>\n<p>30 November (Monday): Final results will be announced for Parliamentary elections held in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/p>\n<p>December: The 110th regular <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1718744134970611\">session<\/a> of the Egyptian-Iraqi Joint Higher Committee will be held under the chairmanship of the prime ministers of the two countries.<\/p>\n<p>December: IMF delegation visits Egypt to in first of two reviews ahead of disbursement of second tranche of USD 5.2 bn SBA.<\/p>\n<p>1 December (Tuesday): The IMF will conduct a first review of targets set under the USD 5.2 bn standby loan approved in June (proposed date).<\/p>\n<p>5 December (Saturday): A court will hold <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%a8%d9%8a%d8%a7%d9%86%20%d9%82%d8%b6%d9%8a%d8%a9%201%20%d8%b9%d8%a7%d9%85%d8%b1%20%d8%ac%d8%b1%d9%88%d8%a8%2004-10-2020.pdf\">a postponed hearing<\/a> to look into an appeal by Syria\u2019s Anataradous against an <a href=\"https:\/\/www.arabfinance.com\/en\/news\/details\/egypt-companies\/475194\">arbitration ruling<\/a> in favor of Amer Group and Amer Syria.<\/p>\n<p>7-8 December (Monday-Tuesday): Reruns for Parliamentary elections in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>9-10 December (Wednesday-Thursday): <a href=\"http:\/\/www.biznexpo.com\/\">BiznEx<\/a>, the international business expo in Egypt, <a href=\"https:\/\/bit.ly\/3kz8vjb\">venue TBD<\/a>.<\/p>\n<p>14 December (Monday): Final results will be announced for Parliamentary elections held in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>15-16 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>24 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>25 December (Friday): Western Christmas.<\/p>\n<p>1 January 2021 (Friday): New Year\u2019s Day, national holiday.<\/p>\n<p>7 January 2021 (Thursday): Coptic Christmas, national holiday.<\/p>\n<p>13-31 January (Wednesday-Sunday): Egypt will host the 2021 <a href=\"https:\/\/www.handballegypt2021.com\/\">Men\u2019s Handball World Championship<\/a> at the Giza Pyramids<\/p>\n<p>25 January 2021 (Monday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>25-29 January 2021 (Monday-Friday): The World Economic Forum\u2019s \u201cDavos Dialogues\u201d will take place virtually<\/p>\n<p>26-28 January (Tuesday-Thursday): Future Investment Initiative, Riyadh, Saudi Arabia<\/p>\n<p>28 January 2021 (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>4 February 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>6-18 February (Saturday-Thursday): Mid-year school break.<\/p>\n<p>18 March 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 April 2021 (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April 2021 (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): National holiday in observance of Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>3 May 2021 (Monday): Sham El Nessim.<\/p>\n<p>6 May 2021 (Thursday): National holiday in observance of Sham El Nessim.<\/p>\n<p>12-15 May 2021 (Wednesday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>18-21 May 2021 (Tuesday-Friday): The World Economic Forum\u2019s annual meeting will be held under the theme of \u201cThe Great Reset\u201d in Lucerne-B&uuml;rgenstock, Switzerland<\/p>\n<p>31 May-2 June 2021 (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>1 June 2021 (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>10 June 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24 June 2021 (Thursday): End of the 2020-2021 academic year.<\/p>\n<p>26-29 June 2021 (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center<\/p>\n<p>22 July 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 July-3 August 2021 (Thursday-Monday): Eid Al Adha, national holiday (TBC).<\/p>\n<p>1 October 2021-31 March 2022 (Friday-Thursday): Postponed <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":575272,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-575271","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"dd4258d7-1acb-4e53-93e1-39c2bfbe91dc","teaser":"","photo_url":"https:\/\/ent.news\/2020\/10\/85.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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